Posted on December 10, 2020 by Brad Steveson
HUMBL, Inc. held their much anticipated investor call last evening at 5pm ET. The TSNP stock has been on a roller coast ride since the announcement of the reverse merger with Tesoro Enterprises, Inc. (TSNP) on November 12th, moving from a low of 0.0035 per share on the day of the announcement to a high of 0.3599 per share on December 8th with several dips and rips in between. HUMBL, Inc. also announced yesterday that the reverse merger has closed and that they secured $50m in funding through the sale of warrants. Many predicted a sell the news event today and that seems to be what we are seeing. The stock opened at .2909 before falling to 0.2200 in the first few minutes of trading this morning. After a nice rebound back to 0.2699 the stock has recently made a new low of the day at 0.2060 per share.
It will be interesting to see how the stock responds throughout the rest of the day as investors take the time to absorb all of the information from yesterday’s call.
Disclosure: I am long and I may buy or sell shares within the next 72 hours.